Scott and Jason accidentally destroy their father's $2000 watch. To raise money to replace it, they convince Murray to hold a ""Casino Night"" on his father's yacht while he's out of town. The event is a moneymaking success, but when Murray hears that Mr. Updyke is returning sooner than expected, he panics and runs the boat into a reef, sinking it. Murray is afraid to tell his father what happened, but Peter tells him that his father might be more understanding than he thinks. Murray owns up to what he did, and his father is proud of him for taking responsibility. This gives Jason and Scott the courage to tell Peter about the watch, but their dad does not react to the news as well as Murray's did.
Stads is picked to star in a lifeguard training video. Traycee volunteers to be her acting coach. At the shoot, Stads flubs her lines and Traycee is heard delivering them perfectly. The producers replace Stads with Traycee. Stads is both mad and hurt by this rejection, so Traycee gets the produ
